How Long to Read Continuous-Time Models in Corporate Finance, Banking, and Insurance

How Long Does it Take to Read Continuous-Time Models in Corporate Finance, Banking, and Insurance?

It takes the average reader 3 hours to read Continuous-Time Models in Corporate Finance, Banking, and Insurance by Santiago Moreno-Bromberg

Assuming a reading speed of 250 words per minute. Learn more

Description

Continuous-Time Models in Corporate Finance synthesizes four decades of research to show how stochastic calculus can be used in corporate finance. Combining mathematical rigor with economic intuition, Santiago Moreno-Bromberg and Jean-Charles Rochet analyze corporate decisions such as dividend distribution, the issuance of securities, and capital structure and default. They pay particular attention to financial intermediaries, including banks and insurance companies. The authors begin by recalling the ways that option-pricing techniques can be employed for the pricing of corporate debt and equity. They then present the dynamic model of the trade-off between taxes and bankruptcy costs and derive implications for optimal capital structure. The core chapter introduces the workhorse liquidity-management model—where liquidity and risk management decisions are made in order to minimize the costs of external finance. This model is used to study corporate finance decisions and specific features of banks and insurance companies. The book concludes by presenting the dynamic agency model, where financial frictions stem from the lack of interest alignment between a firm's manager and its financiers. The appendix contains an overview of the main mathematical tools used throughout the book. Requiring some familiarity with stochastic calculus methods, Continuous-Time Models in Corporate Finance will be useful for students, researchers, and professionals who want to develop dynamic models of firms' financial decisions.

How long is Continuous-Time Models in Corporate Finance, Banking, and Insurance?

Continuous-Time Models in Corporate Finance, Banking, and Insurance by Santiago Moreno-Bromberg is 176 pages long, and a total of 45,056 words.

This makes it 59% the length of the average book. It also has 55% more words than the average book.

How Long Does it Take to Read Continuous-Time Models in Corporate Finance, Banking, and Insurance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 6 minutes to read Continuous-Time Models in Corporate Finance, Banking, and Insurance aloud.

What Reading Level is Continuous-Time Models in Corporate Finance, Banking, and Insurance?

Continuous-Time Models in Corporate Finance, Banking, and Insurance is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Continuous-Time Models in Corporate Finance, Banking, and Insurance?

Continuous-Time Models in Corporate Finance, Banking, and Insurance by Santiago Moreno-Bromberg is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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